Analysts have been eager to weigh in on the Technology sector with new ratings on Splunk (SPLK), Q2 Holdings (QTWO) and Analog Devices (ADI).
Splunk (SPLK)
In a report issued on May 19, Matthew Hedberg from RBC Capital maintained a Buy rating on Splunk, with a price target of $180.00. The company’s shares closed last Thursday at $164.46, close to its 52-week high of $176.31.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 21.6% and a 72.3% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
Splunk has an analyst consensus of Strong Buy, with a price target consensus of $167.70, a 2.7% upside from current levels. In a report issued on May 15, Wedbush also maintained a Buy rating on the stock with a $180.00 price target.
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Q2 Holdings (QTWO)
In a report issued on May 19, Daniel Perlin from RBC Capital maintained a Buy rating on Q2 Holdings, with a price target of $92.00. The company’s shares closed last Thursday at $79.90.
According to TipRanks.com, Perlin is a 5-star analyst with an average return of 16.0% and a 72.7% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Jack Henry & Associates.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Q2 Holdings with a $87.00 average price target, implying an 8.8% upside from current levels. In a report issued on May 7, Needham also reiterated a Buy rating on the stock with a $100.00 price target.
Analog Devices (ADI)
In a report released yesterday, David Wong from Nomura maintained a Hold rating on Analog Devices, with a price target of $100.00. The company’s shares closed last Thursday at $111.58.
According to TipRanks.com, Wong is a 5-star analyst with an average return of 18.0% and a 73.2% success rate. Wong covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Maxim Integrated.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $122.94 average price target, an 8.4% upside from current levels. In a report issued on May 18, Morgan Stanley also maintained a Hold rating on the stock with a $95.00 price target.
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